Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) Hits New 12-Month Low – What’s Next?

Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $52.14 and last traded at $52.14, with a volume of 13 shares traded. The stock had previously closed at $52.92.

Xtrackers USD High Yield BB-B ex Financials ETF Stock Performance

The stock has a 50-day simple moving average of $53.84 and a two-hundred day simple moving average of $54.06.

Xtrackers USD High Yield BB-B ex Financials ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $0.2851 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On Xtrackers USD High Yield BB-B ex Financials ETF

An institutional investor recently raised its position in Xtrackers USD High Yield BB-B ex Financials ETF stock. American Family Investments Inc. raised its position in Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,018,800 shares of the company’s stock after acquiring an additional 3,072,000 shares during the quarter. Xtrackers USD High Yield BB-B ex Financials ETF makes up 38.9% of American Family Investments Inc.’s portfolio, making the stock its biggest holding. American Family Investments Inc. owned 128.92% of Xtrackers USD High Yield BB-B ex Financials ETF worth $803,021,000 at the end of the most recent quarter.

Xtrackers USD High Yield BB-B ex Financials ETF Company Profile

The Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of Ba1/BB+ through B3/B-. The fund places little restrictions on duration or maturity.